(Dec 08, 2007) Hang Lung Properties
Limited, a Hong Kong developer, invests RMB2.5 billion to set up a
commercial retail complex, Jinan Hang Lung Plaza, in Shandong province
in the eastern China. The project commences construction on December 6,
2007. The group plans to develop a world-class shopping centre with six
storeys involving ...

Price: USD $17.50

Greenland builds commercial property empire in
Shanghai

(Dec 08, 2007) Greenland Group, a Chinese developer,
announces four modern service investments in Fengxian district, Yangpu
district, Baoshan district and Chuansha county in Pudong district in the
eastern Chinese city of Shanghai on December 6, 2007. The group will
build an international plaza to transform Fengxian into a high-end
business and commercial ...

Price: USD $17.50

Regal Hotel to build commercial property empire in
Chengdu

(Dec 08, 2007) Regal Hotels International Holdings (Regal
Hotels) announced its subsidiary would develop several commercial
properties in Chengdu, Sichuan province. The joint venture, with
registered capital of RMB400 million, was set up by Regal Hotels and
Chengdu-based Zhengcheng Investment. Regal Hotels has invested RMB260
million for a 65% stake of the joint ...

Price: USD $17.50

Agile Property pays RMB920 million for land in
Guangzhou

(Dec 08, 2007) Hong Kong listed Agile Property Holdings pays
RMB920 million to acquire 4 pieces of land in the Huadu region in
Guangzhou, Guangdong province. The 4 pieces of land with a total area of
283,000 sqm are situated on the east side of the Beijing-Guangzhou rail
track in the Huadu region. ...

Price: USD $17.50

2008
GDP growth best at 9% to 10%

(Dec 08, 2007) With an overheated economy
in China, experts suggest to keep GDP growth at below 11% or preferably
at 9-10% in 2008. Chen Jiagui. Vice president of the Chinese Academy of
Social Sciences, says GDP growth should be below 11% in 2008, while the
best rate should be kept at around ...

Price: USD $17.50

HSBC to set up 6 to 10 rural banks in China

(Dec 08, 2007)
HSBC Rural Bank, the first rural bank operated by a foreign bank in
China, will start operation next week in Cengdu county of Suizhou City
in Hubei province. Richard Yorke, China Chief Executive of HSBC, thinks
rural finance has potential for development. At present, 70% of Hong
Kong's mushroom are ...

Price: USD $17.50

Regal Hotels forms commercial property joint
venture in Chengdu

(Dec 08, 2007) Regal Hotels International Holdings
Ltd. is going into the commercial property development market in
Chengdu, Sichuan province. Regal Hotels will form a joint venture in
Chengdu City. The joint venture will have a registered capital of RMB400
million of which Regal Hotels will take a 65% interest. The joint
venture ...

Price: USD $17.50

Citifinancial to open six more outlets

(Dec 07, 2007)
Citibank (Hong Kong) plans to open three new Citifinancial branches in
the first quarter of 2008. It will set up three more branches in the
rest of the year, aiming at a total of 25 branches in Hong Kong.
Citifinancial, the personal financing arm of Citibank, will focus on
branch ...

Price: USD $17.50

Insurance profit dropped 12% in first 3 quarters

(Dec 07,
2007) The Hong Kong insurance recorded a 12.34% drop in total
underwriting profit to HK$1.783 billion during the first 3 quarters of
2007. The Office of the Commissioner of Insurance (OCI) yesterday
released a statistics report regarding the insurance industry. The
report explained the decline in underwriting profit was due to ...

Price: USD $17.50

Shenzhen Hong Kong to sign finance insurance
agreement

(Dec 07, 2007) Shenzhen mayor Xu Zong-Heng will visit Hong
Kong from December 17 to 20 and will sign an finance industry
cooperation agreement with the Hong Kong government. Shenzhen also plans
to confirm the target of jointly build a world-class metropolis. The
agreement to be signed is based on the "1+8" agreement ...